Counter-Terrorism Bill

I thank noble Lords for their input and the noble Baroness for her query and probing amendment. Although I was slightly surprised when I realised that the Anti-Terrorism, Crime and Security Act was being used to freeze the assets of a bank in Iceland, there is no doubt that Section 4 of the Act allows the Treasury to make freezing orders when an action is to the detriment of the UK economy or constitutes a threat to the life or property of a UK national.